The Anand Rathi Wealth date has been confirmed from December 2 and ended on December 6
Anand Rathi Wealth is one of India’s leading non-bank wealth solutions firms and has been ranked amongst the top three non-bank mutual fund distributors in the country. The company offers its clients wealth solutions, financial product distribution, and technology solutions.
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Bidding Dates
December 2- 6
Price Range
₹530 to ₹550 per share
Face Value
₹5 per share
GMP
₹45
Anand Rathi Wealth GMP
The Anand Rathi Wealth IPO GMP is ₹[45].
IPO Overview
Anand Rathi IPO is a book built issue of Rs 660.00 crores. The issue is entirely an offer for sale of 1.2 crore shares.
Anand Rathi IPO bidding started from December 2, 2021 and ended on December 6, 2021. The allotment for Anand Rathi IPO was finalized on Thursday, December 9, 2021. The shares got listed on BSE, NSE on December 14, 2021.
Anand Rathi IPO price band is set at ₹530 to ₹550 per share. The minimum lot size for an application is 27 Shares. The minimum amount of investment required by retail investors is ₹14,850.
The issue includes a reservation of up to 250,000 shares for employees offered at a discount of Rs 25 to the issue price.
Anand Rathi Wealth IPO GMP Live Rates Day By Day With Kotak Rates
| Date | GMP | Kostak | Subject to |
| 14 December | ₹50 | ₹- | ₹- |
| 13 December | ₹50 | ₹- | ₹- |
| 12 December | ₹60 | ₹- | ₹- |
| 11 December | ₹60 | ₹- | ₹- |
| 10 December | ₹60 | ₹- | ₹- |
| 09 December | ₹25 | ₹- | ₹- |
| 08 December | ₹25 | ₹- | ₹- |
| 07 December | ₹25 | ₹- | ₹- |
| 06 December | ₹60 | ₹250 | ₹2000 |
| 05 December | ₹100 | ₹250 | ₹3000 |
| 04 December | ₹100 | ₹250 | ₹3000 |
| 03 December | ₹125 | ₹250 | ₹3000 |
| 02 December | ₹125 | ₹250 | ₹3000 |
| 01 December | ₹125 | ₹250 | ₹3000 |
| 30 November | ₹100 | ₹- | ₹- |
| 29 November | ₹100 | ₹- | ₹- |
| 28 November | ₹100 | ₹- | ₹- |
| 27 November | ₹- | ₹- | ₹- |
| 26 November | ₹- | ₹- | ₹- |
| 25 November | ₹- | ₹- | ₹- |
| 24 November | ₹- | ₹- | ₹- |
| 23 November | ₹- | ₹- | ₹- |
| 22 November | ₹- | ₹- | ₹- |
| 21 November | ₹- | ₹- | ₹- |
Anand Rathi Wealth IPO Date & Price Band Details
| IPO Date | December 2, 2021 to December 6, 2021 |
| Listing Date | December 14, 2021 |
| Face Value | ₹5 per share |
| Price Band | ₹530 to ₹550 per share |
| Lot Size | 27 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹660.00 Cr) |
| Offer for Sale | 12,000,000 shares of ₹5 (aggregating up to ₹660.00 Cr) |
| Employee Discount | Rs 25 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Anand Rathi Wealth IPO Market Lot
Investors can bid for a minimum of 27 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 27 | ₹14,850 |
| Retail (Max) | 13 | 351 | ₹193,050 |
Anand Rathi Wealth IPO Allotment & Listing Dates
Anand Rathi IPO opens on December 2, 2021, and closes on December 6, 2021.
| IPO Open Date | Thursday, December 2, 2021 |
| IPO Close Date | Monday, December 6, 2021 |
| Basis of Allotment | Thursday, December 9, 2021 |
| Initiation of Refunds | Friday, December 10, 2021 |
| Credit of Shares to Demat | Monday, December 13, 2021 |
| Listing Date | Tuesday, December 14, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 6, 2021 |
Anand Rathi Wealth Company Financial Report
| Particulars | For the year/period ended (₹ in Millions) | ||||
31-Aug-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 4,023.24 | 3,394.42 | 4,090.64 | 2,308.27 | |
| Total Revenue | 1,689.03 | 2,792.48 | 3,364.14 | 2,841.87 | |
| Profit After Tax | 510.88 | 450.95 | 616.14 | 584.33 | |
Anand Rathi Wealth IPO Reservation
Anand Rathi IPO offers 8,475,000 shares. 2,350,000 (27.73%) to QIB, 1,762,500 (20.80%) to NII, 4,112,500 (48.53%) to RII, 250,000 (2.95%) to employees. 152,314 RIIs will receive minimum 27 shares and (sNII) and (bNII) will receive minimum 378 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 2,350,000 (27.73%) | NA |
| NII (HNI) Shares Offered | 1,762,500 (20.80%) | |
| Retail Shares Offered | 4,112,500 (48.53%) | 152,314 |
| Employee Shares Offered | 250,000 (2.95%) | NA |
| Total Shares Offered | 8,475,000 (100%) |
Company Profile
Anand Rathi Wealth Limited engages in the distribution and sale of mutual funds and financial products in India. The company distributes equity and debt mutual funds, non-principal protected structured products, and other financial products. It also operates a technology platform for independent financial advisors, which includes client reporting, business dashboards, client engagement, online mutual fund transactions, and goal-planning products. The company was formerly known as Anand Rathi Wealth Services Limited and changed its name to Anand Rathi Wealth Limited in January 2021. Anand Rathi Wealth Limited was incorporated in 1995 and is based in Mumbai, India.
Over time, HNIs’ preferences for asset classes have changed, with a gradual shift away from traditional financial investments. However, the increase in the variety of instruments and more complex products can make it tempting to allocate funds disorderly, leading to a higher risk of the portfolio. Therefore, it is better to have an ideal portfolio allocation, considering the return expectations and risk profile.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | anandrathi.ipo@linkintime.co.in |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
Contact Details
| Name | Anand Rathi Wealth Limited |
| Phone number | +91 (22) 6281 7000 |
| Email ID | csarwsl@rathi.com |
| Website | https://rathi.com/Wealth/index.php |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
